M&A Deal Summary

SevOne Acquires RapidEngines

On March 27, 2014, SevOne acquired software company RapidEngines

Acquisition Highlights
  • This is SevOne’s 1st transaction in the Software sector.
  • This is SevOne’s 1st transaction in the United States.
  • This is SevOne’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2014-03-27
Target RapidEngines
Sector Software
Buyer(s) SevOne
Deal Type Add-on Acquisition

Target

RapidEngines

Minneapolis, Minnesota, United States
RapidEngines, provider of highly scalable log analytics software for IT enterprises, service providers and application developers.

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Buyer(S) 1

Buyer

SevOne

Wilmington, Delaware, United States

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

SevOne, Inc. delivers comprehensive real-time IT infrastructure monitoring, troubleshooting and performance reporting solution. The company invented a proprietary, next-generation distributed technology, called the SevOne Cluster™, that combines the cutting edge principles behind peer-to-peer sharing and big data analytics to scale smoothly so that millions of IT elements, across all monitoring technologies, can be managed and provide a single view to the user. SevOne was formed in 2005 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1